The Financial Deep Dive Vivimed Labs Limited has officially filed an application for the initiation of a Pre-pack Insolvency Resolution Process (PPIRP) with the NCLT Bengaluru Bench on February 12, 2026. This move signifies a critical juncture for the company, directly stemming from its severe financial distress. As of January 31, 2026, Vivimed Labs reported…
Supreme Court of India in New Delhi. File | Photo Credit: The Hindu The Supreme Court on Friday (February 13, 2026) laid down that telecom service providers (TSPs) do not own spectrum, a precious and finite public resource meant to be used for the common good of all, and cannot include it among their pool…
Spectrum is not a corporate asset; Telecom firms cannot restructure dues under IBC, rules Supreme Court The Statesman Read the original article here
Nelson paint and panel shop goes into liquidation owing $440k The Press Read the original article here
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Tongaat Hulett has applied for provisional liquidation at the KwaZulu-Natal High Court after the preferred bidder, Vision Group, failed to secure financing from the Industrial Development Corporation (IDC). Industry body SA Canegrowers warned that the development could have far-reaching effects on cane growers, millers and the broader sugar supply chain, according to Business Report. Business…
Is smart ring company Circular in the process of shutting down? A comment on the Circular Ring 2’s Kickstarter page, and a subsequent post on Reddit, brought to light some information that appeared to indicate the firm was in trouble. Android Police contacted Circular to get the full story, and although it doesn’t seem to…
Scottish mountain bike brand Deviate Cycles is back online after the previous company was forced to liquidate last year. The brand is planning a “careful return“ and has reopened its global online store. Co-founder Ben Jones confirmed Deviate will honour lifetime warranties on bikes that were purchased prior to liquidation. Back on course Deviate has…
Prabhat Technologies (India) Limited Announces Q2FY26 Financial Results Under Insolvency Resolution Process scanx.trade Read the original article here